NDP Leader Jagmeet Singh is “appalled” a for-profit long-term care company has committed to pay $10.7 million in dividends to shareholders so far this year, while it spent only $300,000 of its own money on its response to the COVID-19 pandemic.
Extendicare is a Markham, Ont.-based company that owns 69 long-term care and retirement homes in Ontario, Manitoba, Saskatchewan and Alberta and provides contract services to 53 other Canadian long-term care homes.
Extendicare made $1.13 billion in revenue in 2019 and is on track to make more this year, even as the novel coronavirus devastates some of its homes.
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